Regulatory Alerts2020-10-20
Added · Updated
Life Insurance Policy Replacement: Practices of AIs and Expected Standards
The Hong Kong Monetary Authority issued this circular on October 20, 2020, to establish expected standards and practices for Authorized Institutions regarding life insurance policy replacement. The document outlines specific regulatory requirements and control measures that financial institutions must implement to ensure fair treatment of customers during the replacement process. It serves as a direct regulatory guideline to maintain market integrity and protect policyholders in the wealth management sector.
CIR
Current
Issue Date:
20 Oct 2020
20201020-2-EN.pdf (531.7 KB)
Topic:
Wealth Management & MPF - Insurance products
Keyword:
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
20 Oct 2020
Life Insurance Policy Replacement
CIR
Current
20 Oct 2020
Life Insurance Policy Replacement
Cross referenced Document
Version History
Superseded Document
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